--Buyout firm Carlyle Group Inc. is looking at finding fresh money to back its investment in McDonald's Corp.'s China arm, in a deal that could value the business at up to $10 billion, Bloomberg reports, citing unnamed sources.

--According to Bloomberg, Carlyle, which controls McDonald's China along with private-equity firm Trustar Capital, has been discussing transferring their shareholding into a new investment vehicle.

--With the move, the two firms could trim their stakes in the fast-food giant while still keeping control, give new investors exposure to the business and allow existing ones to exit or roll over their stakes, Bloomberg said.

Full story: bloom.bg/3mLcPCZ

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(END) Dow Jones Newswires

April 21, 2023 03:40 ET (07:40 GMT)

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